The Department for Business, Innovation and Skills has announced, following a consultation last year, that legislation will be introduced to align the financial reporting regimes for limited liability partnerships (LLPs) and companies, and also to introduce a new 'micro-entity' regime for LLPs and qualifying partnerships: see here (pdf).
Monday, 22 February 2016
UK: LLP financial reporting to be aligned with the companies regime
The Department for Business, Innovation and Skills has announced, following a consultation last year, that legislation will be introduced to align the financial reporting regimes for limited liability partnerships (LLPs) and companies, and also to introduce a new 'micro-entity' regime for LLPs and qualifying partnerships: see here (pdf).
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